Paypal Acquire Honey For $4 Billion
SAN JOSE, Calif., Nov. 22, 2019-- Online Payment Transfer platform PayPal has agreed to acquire Honey Science Corporation, a shopping and rewards platform for approximately $4 billion.
Honey Science Corporation is an L.A. based tech company building tools to help people save time and money when shopping online.
Honey, in combination with PayPal's two-sided network, will transform the shopping experience for PayPal's consumers while increasing sales and customer engagement for its merchants.
Founded in 2012, Honey approximately have 17 million monthly active users and helped millions of people find more than $1 billion in savings in the past year.
Honey currently works across approximately 30,000 online retailers ranging from fashion and technology, to travel and pizza deli...